symmetrical triangle pattern. We might see the market choose a direction in the upside or downside. A retest of the triangle might be a good entry.
Possibility for a bullish inverted head and shoulders wich means bearish for a short term.
Technical analysis is showing a bearish movement. We can wait a candle rejection to confirm the entry. Low risk , High profit.
We still on a down trend wich means selling at the resistance. Retails trader were already all stopped . Now we can see a safe opportunity to sell. Low risk and high reward. For more safety you can wait a candle rejection or wait the market to cleary show a change of direction , selling on the new LH. I am more bearish in this pair but all is possible .
With the previous uptrend , we saw a breakout and then a retest wich means a reversal of the trend. Market is forming new LH and LL, wich means great opportunity to sell. Why selling: -Down trend -Two rejection candles on daily chart -Touched previous pivot points -Bellow MA 50 -Double top - 4H chart -Forming new LH
Why enter on a sell position: -Down trend -Pivot points -Fibonacci 23.6 -Bellow 200 MA -RSI (4) - above 70 on 4h chart -Fundamentally good economy for US
The market is switching side and we might see the market going down due to USD good economy.
Tecnically bearish in a short term. Fundamentally, bullish in a long term.
Bitcoin might fall in a short term and go up in a long term . the black area are the best place to buy
As we can see market as been going up for some month and now break the uptrend in the dowmside. I expect a retest of the trenline with a candle rejection formation and only if it hppen i will short this pair
As we can see , the market has been ranging for a long time and now broke the resistance. in 4H chart the can see a candle rejction that confirm a potential movement in the upside. Always have in count risk management.
Tecnically market is forming new Higher High and Higher Low, forming a cup wich means the price can potentially go up in a short term. Fundamentally last week was discuss that usd might go better in a long term wich reforce the analysis.
As we can see on the 4H chart, market is forming an head shoulder pattern inverted, wich mean , bearish in short term and bull in a long term . Still waiting the other shoulder to be formed to confirm.
As we can see , market has been making a correction on the downside in the past few days, making a perfect cup handle wich means that soon the price might potentially go higher. A break and a retest would be a good opportunity to go long on this pair
Price as been pushing the way up as expected. Now we can see a new formation pattern and i expect the price to go down in a short term. Have in mind that fundamentally the market is still bullish. Risk manadgment requested.
Technically , market is forming new High High and Lower High on lower charts and made a support on daily chart wich means it can potentially go up. Fundamentlly we expect good news for usd and a bad economy for jpy. In a long term we expect more bulls to be in control.
As we can see GBPUSD has been in a range its been days. In 15 min chart we can see an uptrend /break / retest of the trend wich means that potentially the price might go down in a short term. Fundamentally we expect good news for usd , wich means weakness for the pound.